2055 Chestnut
Transaction Highlights
Neighborhood: Marina District, SF
Use: Residential/Retail
Size: 49 apartments; 33,000 sq. ft. of retail
  • Prime underutilized site on one of the best streets in San Francisco
  • Urban infill project
  • 99-year ground lease negotiated off-market with long-term ownership
  • ROFO in the event that the family decides to sell fee simple interest
  • Prado designed a creative mixed-use project with 49 apartments over 16,000 square feet of ground floor retail and 7,000 sq. ft. of basement grocery retail
  • Prado has secured 4 LOIs from high-credit grocers for the basement retail space
  • Entitlements expected Winter 2020
  • Prado will seek to recapitalize project with institutional partner for vertical development